Global SME Finance Forum 2017 bringing together the SME Finance ecosystem
The Global SME Finance Forum 2017 took place in Berlin from November 1st to November 3rd. The SME Finance Forum brings together the whole SME Finance ecosystem. It is a unique opportunity for banks, Development Finance Institutions, and fintech companies to talk together and to partner for the development of SME finance.
SME Finance is one of the priorities for the G20 and the Global Partnership for Financial Inclusion. SMEs play a major role in developing countries and emerging markets. They are one of the main drivers of jobs creations, economic growth and to reduce poverty. However, SMEs face a lot of challenges. The Global SME Finance Forum 2017 showed that banks alone are not enough to support SMEs. Digital innovations can help them to tackle these challenges. The 3 days conference outlined that digital finance is a game changer for development and is transforming access to finance.
Plenary sessions highlighted the trends and industry recommendations for banks and fintechs to leverage digital banking to serve MSMEs.
For more information about the Global SME Finance Forum 2017 click here.
The Global SME Finance Forum was organized by the SME Finance Forum. The SME Finance Forum works to expand access to finance for small and medium businesses. The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and to promote the growth of SMEs. The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME Finance. As an implementing partner for the GPFI, the International Finance Corpopration (IFC) was tasked with the managing initiative. In 2015, the SME Finance Forum partnered with CapitalPlux Exchange to expand and upgrade the former Small Business Banking Network.
